World Equity Group Inc. Purchases 33,508 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

World Equity Group Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 1,148.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,426 shares of the company’s stock after buying an additional 33,508 shares during the period. First Trust RBA American Industrial Renaissance ETF comprises 0.8% of World Equity Group Inc.’s portfolio, making the stock its 23rd largest holding. World Equity Group Inc. owned approximately 0.06% of First Trust RBA American Industrial Renaissance ETF worth $3,522,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AIRR. Bank of America Corp DE increased its stake in First Trust RBA American Industrial Renaissance ETF by 3.8% in the second quarter. Bank of America Corp DE now owns 6,065,807 shares of the company’s stock valued at $493,757,000 after acquiring an additional 220,666 shares during the period. Raymond James Financial Inc. lifted its stake in First Trust RBA American Industrial Renaissance ETF by 0.8% during the second quarter. Raymond James Financial Inc. now owns 1,646,699 shares of the company’s stock worth $134,041,000 after purchasing an additional 13,099 shares during the period. Parcion Private Wealth LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 53.8% during the second quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock valued at $53,215,000 after purchasing an additional 228,754 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 5.2% in the 2nd quarter. Osaic Holdings Inc. now owns 528,956 shares of the company’s stock valued at $43,039,000 after purchasing an additional 26,038 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 442,786 shares of the company’s stock valued at $42,809,000 after purchasing an additional 13,230 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $107.60 on Friday. The business has a 50 day simple moving average of $99.01 and a 200 day simple moving average of $93.75. The company has a market capitalization of $7.20 billion, a PE ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $108.20.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.0276 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.1%.

First Trust RBA American Industrial Renaissance ETF Company Profile

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.